Steven Bell
Steven Bell

Steven Bell

Chief Economist, EMEA

Latest articles

November 2023

Has the bond rally gone too far?

Despite warnings from central banks not to expect rate cuts anytime soon, Steven Bell explains why he expects the downward trend in bond yields to continue.
November 2023

Inflation has fallen - what next?

The tide has turned against inflation. Steven Bell, explains why he believes leading central banks will make significant cuts to interest rates in 2024.
November 2023

Bank of England 'flying blind' as it faces Bank Rate dilemma

While rates in the US and Europe look to be on hold, a lack of data is making things difficult for the Bank of England, says Steven Bell, Chief Economist. Will it deliver an unnecessarily bumpy landing?
October 2023

Are we heading for a bear market in equities?

The S&P 500 index is officially in correction territory, but Steven Bell, Chief Economist EMEA, outlines the reasons why he remains confident that equities are not heading into bear market territory.
October 2023

Will wage inflation prevent UK interest rate cuts?

Are wages still rising too fast in the UK? Steven Bell, Chief Economist EMEA, explains why data should improve over the next six months and what this could mean for interest rates.
October 2023

Where to next for interest rates?

What’s the possibility of US rate cuts next year being much bigger than the market has priced in and much bigger than the Federal Reserve has been guiding? Steven Bell, Chief Economist EMEA, examines what the data is suggesting.
October 2023

When will the bond Bear Market end?

Central banks are maintaining the ‘higher for longer’ narrative. Steven Bell, Chief Economist EMEA, explains why he thinks cuts are likely early in 2024
October 2023

Interest rates: higher for longer or big cuts in 2024?

Central banks are maintaining the ‘higher for longer’ narrative. Steven Bell, Chief Economist EMEA, explains why he thinks cuts are likely early in 2024
October 2023

Will recession be the price of defeating inflation?

Any recession in the US looks set to be mild. But what about the prospects for Europe, the UK and beyond?
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Latest articles

November 2023

Has the bond rally gone too far?

Despite warnings from central banks not to expect rate cuts anytime soon, Steven Bell explains why he expects the downward trend in bond yields to continue.
November 2023

Inflation has fallen - what next?

The tide has turned against inflation. Steven Bell, explains why he believes leading central banks will make significant cuts to interest rates in 2024.
November 2023

Bank of England 'flying blind' as it faces Bank Rate dilemma

While rates in the US and Europe look to be on hold, a lack of data is making things difficult for the Bank of England, says Steven Bell, Chief Economist. Will it deliver an unnecessarily bumpy landing?
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